With you there Now that it's closed the gap I hope to see movement from 5350 so selling again

Cable Update (GBPUSD)

I don't know how cash flows affect currency value, never figured out the logic behind it. If it breaks 1.5322 I'm out - nothing to stop it before 1.535

Cable Update (GBPUSD)

I see. In that case it's all about how many buyers/sellers accumulated positions at the bottom and where they placed their take profits/stops, right? Also about whether anyone is willing to buy in the area? If buyers and stops of sellers are more ...

Cable Update (GBPUSD)

We're just talking in the end. I'm not trying to confront you or prove anything. Edit: Sell limit was triggered at 1.5307, SL at 1.5335. From here if we fail to break under 1.5287/1/5279 I'm out.

Cable Update (GBPUSD)

Sorry, I'm trying to wrap my head around this, haven't encountered this type of analysis before. The red on the right is the volume of orders as drawn from some source? Based on whether the volume is high or low you plan your trades, expecting quick ...

Cable Update (GBPUSD)

Believe? There are buyers and sellers, whether you call them bulls and bears or lions and monkeys or illuminati and masons it doesn't matter In the end even the best programs are written by foolish humans, I wouldn't go out of my way to overestimate ...

Cable Update (GBPUSD)

Why do you think the sellers there are now buyers?

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Might just stop some bears by printing 1.53/1.531 one more time before that. Waiting for that to short

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Didn't get what you mean there Dano, sorry.

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Not even funny really, considering how many thousands of people burned out their accounts in the last 60 minutes Trying a short from 1.5331 Edit: Next step is learning how to trade these market turning points as I'm limited to recognizing them and ...

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Don't know about shorting here....

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I'm just glad I protected my shorts when I saw the turn at 1.5218.

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Save them yourself, by exiting. Tried and proven - hoping the market fixes your trades leads to big losses more often than not

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If it fails to break the latest high here price just might drop into 1.514. Same price action as yesterday's drop to 1.5179/69, though much more balanced between bulls and bears

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Rumour is that FOMC has no choice but to raise rates, otherwise US economy will overheat. I'm skeptical of that line of thought, but you never know...

Cable Update (GBPUSD)